Market Study for the Proposed Rental Apartment Building
Market Study For the Proposed Rental Apartment Building Northwest Corner 119th Street and Front Street Whiting, Lake County, Indiana For Mayor Joseph M. Stahura City of Whiting 1443 119th Street Whiting, Indiana 46394 Prepared By Appraisal Research Counselors 400 East Randolph Street, Suite 715 Chicago, Illinois 60601 2017 Appraisal Research Counselors www.AppraisalResearch.com 400 EAST RANDOLPH STREET, SUITE 715 CHICAGO, ILLINOIS 60601-7388 312-565-0977 FAX 312-565-3436 www.appraisalresearch.com Eugene W. Stunard, MAI Joan A. Stunard Julie A. Kluczynski James K. Kutill, MAI Joyce A. Marquez Gail Lissner, CRE, SRA Margarita Lopez Ron DeVries, MAI, FRICS Michael W. Wingader Steven J. Kelley, MAI Jennifer A. Long Jacoub M. Hussien, SRA Gary J. Wager Ronald W. Casper, MAI Stephanie L. Doyle Peter H. Gloodt, MAI Mark A. Brenner Daniel R. Graver Rebecca R. Franklin Erwin C. Wirth, SRA Kelly S. Jones Alexander Jaunius, MAI Virginia C. Evely _________________________________ Mark D. Lindsay William H. Miller David G. Ibarra Albany, New York Brian J. Germanowski Patrick J. McCauley Cary A. Lannin Patricia A. Jette Northwest Indiana Donald M. Livingston Denise R. Navetta Central Illinois _________________________________ Betty Bogie Long (1932-2005) June 9, 2017 Mayor Joseph M. Stahura City of Whiting 1443 119th Street Whiting, Indiana 46394 RE: Proposed rental apartment building located at the northwest corner of 119th Street and Front Street, Whiting, Lake County, Indiana Dear Mayor Stahura: In accordance with your request, we have prepared a market study regarding the above-referenced proposed rental apartment building. Information for this report was researched with property inspections and conversations with brokers, developers, lenders, investors, managers, and leasing agents involved in the Northwest Indiana apartment market.
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